Word: demands
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Dates: during 2000-2009
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...world's currency reserves at the end of 2008, down from 67% three years earlier. There remains great incentive for countries with large dollar reserves, like China and Japan, to continue to invest in dollar assets to preserve the value of their holdings. Besides, replacing the dollar would demand a level of cooperation among the world's major economic powers that is difficult to achieve. Although China and Russia reiterated their calls for reform of the global currency system at last week's G-20 summit in London, the issue barely got any talk time. (See pictures of London protesting...
...clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment and dividends and hunkering down," he wrote in an e-mail. "They are preparing for a depression and the eclipse of American leadership...
...Based on the way that oil has traded recently, the perception that the economy has bottomed has fueled the belief that the demand for crude is about to jump. That can be combined with the fact that low oil prices have slowed exploration, so there may be a significant pinch between supply and demand as the summer rolls around...
this potential demand made me create it, a process that took less than
...dispute that notion, claiming that her departure is not representative of such a move. “We are not headed in any ideological direction,” Garber says. “We are looking for good artists who are good teachers to teach where there is student demand...